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Jan 8, 2013
01/13
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it is not the president's responsibility to pass legislation to raise the debt ceiling, it is congress' responsibility. he will not engage in a negotiation with congress that as advocates have described as a hostage situation that would result as it did in the summer of 2011 harming greatly this economy and businesses and great harm to average americans. so, it is just not the right thing to do. i think that if we were to travel down the road for any length of time, a great deal of unionimity behind the idea that it is a terrible proposition to flirt or allow default. let me remind you if the position of republicans in congress will be your choice america is between default and therefore economic chaos on the one hand or voucherizing medicare or slashing benefits for seniors. american people will say no. this is not the right way to do things in this country. you have to heed to your responsibilities here including paying for the bill that you racked up. this hases to do with spending that has already been incurred. it is congress' responsibilities to pay their bills. george, when you
it is not the president's responsibility to pass legislation to raise the debt ceiling, it is congress' responsibility. he will not engage in a negotiation with congress that as advocates have described as a hostage situation that would result as it did in the summer of 2011 harming greatly this economy and businesses and great harm to average americans. so, it is just not the right thing to do. i think that if we were to travel down the road for any length of time, a great deal of unionimity...
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Jan 13, 2013
01/13
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it would not surprise me that he does raise the debt ceiling. the president alone spent over $1 billion last year just to himself. when does it stop? obviously he has never had a checkbook. i get a bill, i pay it. why do they just keep putting money out, putting money out, not take care of what they're doing doing, not realizing what they're doing? host: they give for the call. this from twitter -- the focus on the 14th amendment, section four, basically says that the public debt, authorized by law, including debts incurred for payment of pensions etc., shall not be questioned. caller: good morning. yes, he does have that right. in classic peanuts, she says to charlie brown, i think we have been stuck with a used year, instead of a new year. last week at the archives, they had a documentary about the conversation with the president from 1962. president kennedy. he deals -- it was very similar to what we hear arguments now about how -- it was really excellent view. an excellent conversation. how he has to deal with the congress. and his -- this c
it would not surprise me that he does raise the debt ceiling. the president alone spent over $1 billion last year just to himself. when does it stop? obviously he has never had a checkbook. i get a bill, i pay it. why do they just keep putting money out, putting money out, not take care of what they're doing doing, not realizing what they're doing? host: they give for the call. this from twitter -- the focus on the 14th amendment, section four, basically says that the public debt, authorized by...
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Jan 7, 2013
01/13
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it is not the president's response ability to pass legislation to raise the debt ceiling. it is congress. he will not engage in an association and with congress that they have described as a hostage situation that would result as it did in the summer of 2011, in great harm to this economy and to american business. it is not the right thing to do. if you are to travel down that road for any time, let me remind you it the position of republicans in congress will be that your choice america is between default and economic chaos. the american people are going to say no. this is not the right to say no. that tahiti irresponsibility is. that includes paying for the -- that includes responsibilities. it is congress's response ability pay its bills. when you get a credit card bill you pay it. if you do not you get penalized. in the case of not paying your bills when you are the united states congress the penalty is both real and severe for the economy and american people. the president will not negotiate over congress for the response ability to pay for their own bills. he did not
it is not the president's response ability to pass legislation to raise the debt ceiling. it is congress. he will not engage in an association and with congress that they have described as a hostage situation that would result as it did in the summer of 2011, in great harm to this economy and to american business. it is not the right thing to do. if you are to travel down that road for any time, let me remind you it the position of republicans in congress will be that your choice america is...
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Oct 16, 2013
10/13
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eric wasson announcing the club for growth opposes the senate deal that raises the debt ceiling and ends the government shutdown. it urged members to vote down the deal and says it will punish members who support it on the club's annual scorecard. they said this announced plan, the details of which aren't completely known, appears to have little to no reforms in it, there are no significant changes to obamacare, nothing on the major entitlements that are wracking up trillions in unfunded liabilities aened no meaningful spending cuts. if this bill passes, congress will kick the can down the road yet again. that from club for growth. martha is joining us next from davenport, iowa. independent line. go ahead. >> hi. can you hear me? >> yes. go ahead. >> i would like to urge the american people to look into the new world order, see what that's with obamacare, that's what it's all about. >> thanks, martha. to wayne in jacksonville, florida. republican line. >> thank you very much. in talking today to the social security office, just happened to reach one of my members or my groups, vietnam ve
eric wasson announcing the club for growth opposes the senate deal that raises the debt ceiling and ends the government shutdown. it urged members to vote down the deal and says it will punish members who support it on the club's annual scorecard. they said this announced plan, the details of which aren't completely known, appears to have little to no reforms in it, there are no significant changes to obamacare, nothing on the major entitlements that are wracking up trillions in unfunded...
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Apr 10, 2013
04/13
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the debt ceiling. the white house will demand new revenues in return for any spending cuts and we'll be right back to where we were in 2011, which is markets going haywire, losing steam on the economic recovery because we can't raise our borrowing limit. do you think we're going to have another debt ceiling fight, if not, how do we get around it? >> that's a great question. that should have been mentioned earlier because of the so-called grand bargain. let's call it agreement with the president and the republicans in congress. i think the timing is the end of july and i think it is crucial that we get it done before then to make sure we don't get into another debt ceiling crisis because it could be detri menal -- detrimental to the economy. if you look at what the s&p 500 says about the debt limit they say let's resolve the problem. in other words there is let's avoid conflict at all costs. that does not resolve the issue, it can make it worse. sometimes there's a notion that if we just get over there
the debt ceiling. the white house will demand new revenues in return for any spending cuts and we'll be right back to where we were in 2011, which is markets going haywire, losing steam on the economic recovery because we can't raise our borrowing limit. do you think we're going to have another debt ceiling fight, if not, how do we get around it? >> that's a great question. that should have been mentioned earlier because of the so-called grand bargain. let's call it agreement with the...
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Oct 10, 2013
10/13
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about our debt ceiling raise, interest rates are likely to raise. raise in capital will become a problem. do you have any thoughts on what that's going to be doing to our silicon valley entrepreneurs? mr. honda: well, it's a dampening effect. i think people are less likely to invest. even though there's a great faith in the kinds of activities we have in silicon valley. i think those who have the resources to make the investments, they're going to be looking at it twice before they can move forward. i think that they're very concerned about the government's behavior in terms of how we manufacture crisis around the debt limit, how we manufacture crisis about the c.r. or the budget. and all we need is what we proposed a few months ago and that is a good balanced budget that would drive this country forward economically and logically. no family functions without a good budget. and what we're doing is we created a budgetary crisis that guarantees -- they've already done it -- closure of the government or the dysfunction of a family. and when you do that
about our debt ceiling raise, interest rates are likely to raise. raise in capital will become a problem. do you have any thoughts on what that's going to be doing to our silicon valley entrepreneurs? mr. honda: well, it's a dampening effect. i think people are less likely to invest. even though there's a great faith in the kinds of activities we have in silicon valley. i think those who have the resources to make the investments, they're going to be looking at it twice before they can move...
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Oct 23, 2013
10/13
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it was give me my money and raise the debt ceiling and you will be amazed to see how much i'm willing to negotiate once you give me everything i want. it was indicated yesterday by the administration, gee, there is a possibility we may have to delay the individual mandate. jimin an article today from wisner, the title of the article, obamacare mandate may be delayed. official says deadline to have insurance could be postponed. article says, the obama administration may give americans extra time to sign up for health insurance under the affordable care act, postponing penalties for failing to buy coverage will go into effect, market watch has learned. further down, it says the administration declined to say whether people who purchase health insurance late in the snowment period, say on march 31, would be exempt from a penalty. even if the policy doesn't kick in until april or may. nor would the department give a specific date by which people would need to buy coverage to escape a fine, the h.h.s. or health and human services official however indicated that the administration may exten
it was give me my money and raise the debt ceiling and you will be amazed to see how much i'm willing to negotiate once you give me everything i want. it was indicated yesterday by the administration, gee, there is a possibility we may have to delay the individual mandate. jimin an article today from wisner, the title of the article, obamacare mandate may be delayed. official says deadline to have insurance could be postponed. article says, the obama administration may give americans extra time...
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Jan 19, 2013
01/13
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he called on congress to raise the debt ceiling in the release of u.s. can pay its bills. he spoke at the gerald ford school of public policy. >> thank you very much. it is also my great pleasure to welcome all of you here today. on behalf of the gerald r. ford school of public policy, the university of michigan is extremely honored to welcome the hon. ben bernanke, chairman of the board of governors of the federal reserve system. today's conversation is the latest in our series of distinguished lectures, policy talks at the fort school. we're so pleased that region white can introduce to the events and we're also very president marye sue: here today as well as -- we also have several of the university's executive officers and beans. i would like to welcome all of them and thank them for joining us today. it is an honor and truly personal pleasure to introduce our next guest. the fed's charges to provide a healthy economy. this is a complex and critically important mission and it makes the person at its helm one of if not the most important the policy makers worldwide. cha
he called on congress to raise the debt ceiling in the release of u.s. can pay its bills. he spoke at the gerald ford school of public policy. >> thank you very much. it is also my great pleasure to welcome all of you here today. on behalf of the gerald r. ford school of public policy, the university of michigan is extremely honored to welcome the hon. ben bernanke, chairman of the board of governors of the federal reserve system. today's conversation is the latest in our series of...
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Oct 14, 2013
10/13
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your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i guess this is going to happen october 17. sure scares tuple. guest: it's not just brinkmanship, but america's reputation overseas. host: caller, you are on the air. caller: hello, everyone. i think we see -- host: all right, let's move on to nicole in jackson city. caller: i was calling to talk but the government shutdown. i have a niece. she is in college. her child was in head start. the thing with parents -- they have to overcome and yesterday in the grocery store, there was a woman in there behind her. they had 9 children. they got the groceries. they coul
your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i...
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Oct 13, 2013
10/13
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your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i guess this is going to happen october 17. sure scares tuple. guest: it's not just brinkmanship, but america's reputation overseas. host: caller, you are on the air. caller: hello, everyone. i think we see -- host: all right, let's move on to nicole in jackson city. caller: i was calling to talk but the government shutdown. i have a niece. she is in college. her child was in head start. the thing with parents -- they have to overcome and yesterday in the grocery store, there was a woman in there behind her. they had 9 children. they got the groceries. they coul
your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i...
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Oct 11, 2013
10/13
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the very last thing the economy needs is a fight over whether we raise the debt ceiling. prices --we face challenges that require our full attention. and not when we know the damage a crisis can cost -- can cause. i look forward to answering questions. >> i would like to focus on a concept that some suggest is the way out of this problem. and which some suggest is feasible. which i disagree with, prioritization. what decisions you would have to make as treasury secretary, assuming interest was paid on the debt. if you then had to choose which to beobligations had paid. i know you cannot tell us which ones, nor should you, social security, medicare, military, what not. if you could go through the actual legal and administrative problems and consequences would be. include how much total that would be. my understanding it is about 70% to 80% of those programs could be paid. also, what effect it would have on the gdp. walk us through prioritization. let me start by saying what i think should be obvious. if we do not have enough cash to pay our bills, we will be failing to mee
the very last thing the economy needs is a fight over whether we raise the debt ceiling. prices --we face challenges that require our full attention. and not when we know the damage a crisis can cost -- can cause. i look forward to answering questions. >> i would like to focus on a concept that some suggest is the way out of this problem. and which some suggest is feasible. which i disagree with, prioritization. what decisions you would have to make as treasury secretary, assuming...
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Mar 1, 2013
03/13
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that vote at that time was to raise the debt ceiling. if we had not done that, we wouldn't have had a serious crisis -- we would have had a serious crisis. i was hoping that given time, we could come up with a better solution and it that has not gotten done. i am saying it has gone for another. this is the end. no more cuts out of national security. >> [indiscernible] was there a meeting of view -- of many of you in the speaker's office? have you informed other members about the sequestered? what would you have done differently and how would you have argued differently to avoid this? >> let me turn to mr. turner on that. >> part of the problem in this debate is the president's made a promise to the american people that would not happen and constrained and restricted the department of defense of telling the american people what would occur if he broke his promise. we're standing here today with the president having broken his promise and the department of defense scrambling to get the message out to the american public. there is not yet u
that vote at that time was to raise the debt ceiling. if we had not done that, we wouldn't have had a serious crisis -- we would have had a serious crisis. i was hoping that given time, we could come up with a better solution and it that has not gotten done. i am saying it has gone for another. this is the end. no more cuts out of national security. >> [indiscernible] was there a meeting of view -- of many of you in the speaker's office? have you informed other members about the...
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Mar 2, 2013
03/13
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that vote also was to raise the debt ceiling. if we had not done that, we would have had a more serious crisis can. i was hopeful othat we would, given time, come up with a better solution. we have not done it here at it has gone far enough. this is the end. >> [indiscernible]the idea of the sequestration, the meeting with many of you in the speaker's office, the multiple plans, proposals, press conferences, news releases, videos and try to inform members about the sequester -- what would you have done differently? >> part of the problem in all of this debate is the president, at the same time he made a promise to the american people it would not happen, he restricted the department of defense of telling the people what would occur if he broke his promise. today we are standing here with the president having broken his promise and the department of defense ha grambling. -- scrambling. the department of defense has not been able to hand in their homework of what will happen. we have a better understanding of the consequences. this
that vote also was to raise the debt ceiling. if we had not done that, we would have had a more serious crisis can. i was hopeful othat we would, given time, come up with a better solution. we have not done it here at it has gone far enough. this is the end. >> [indiscernible]the idea of the sequestration, the meeting with many of you in the speaker's office, the multiple plans, proposals, press conferences, news releases, videos and try to inform members about the sequester -- what would...
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Jan 9, 2013
01/13
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we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated repeatedly that he is willing to compromise when it comes to moving forward with deficit reduction. we obviously because of the sequester and the cr and other issues have economic, budgetary, and fiscal challenges that we need to confront, and that requires discussion and negotiation with congress. but he will not negotiate over the fundamental responsibility that only congress has to raise the debt ceiling. and if that is a responsibility that is just too onerous for them to bear, they should pass it off to the president as they did previously. he will not negotiate over raising the debt ceiling. this is not -- were not going to play a hostage-situation game where the economy of the united states and the world suffers because of an insistence on a political agenda by one party and one house of congress -- or one party in both houses of congress. >> so if none of those things happens, and then -- so it's kind of a game of chicken -- and then
we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated repeatedly that he is willing to compromise when it comes to moving forward with deficit reduction. we obviously because of the sequester and the cr and other issues have economic, budgetary, and fiscal challenges that we need to confront, and that requires discussion and negotiation with congress. but he will not negotiate over the fundamental responsibility that only congress has to raise the debt...
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Sep 30, 2013
09/13
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this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the majority for concessions. you can argue whether it is healthy or unhealthy, but its very existence leads to the kind of showdown we are having now. question about where the money comes from when we raise the debt ceiling. why can't we just print more money? aren't we doing that every month now? guest: right. ok, it is really important to distinguish between the banking system, the federal reserve and the banks, and how money is created in a modern capitalistic economy versus what the government spends. congress does not have any right to print money. the feder
this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the...
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Oct 15, 2013
10/13
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ronald reagan raised the debt ceiling 18 times during his two terms. and yet our good friends on the other side of the aisle want to come here and lecture president obama as if he's being irresponsible when the paragon of conservative presidential leadership recognized the necessity on 18 occasions and as memorialized in this correspondence of raising the debt ceiling. we're pleased that we've been joined by the distinguished gentlelaid fromy from columbus, ohio, who -- from column -- gentlelady from columbus, ohio, who has conducted herself with such grace here and we're proud to call her a member of this freshman class. i yield now to representative joyce beatty. mrs. beatty: thank you, mr. speaker. and thank you, mr. jeffries and to mr. horsford. it is an honor for me to stand here on this floor with you. as a colleague in our freshman class. but first let me thank you for your leadership and also to congresswoman marcia fudge from my great state of ohio, as president of the congressional black caucus. as i stand here tonight, i am reminded of the w
ronald reagan raised the debt ceiling 18 times during his two terms. and yet our good friends on the other side of the aisle want to come here and lecture president obama as if he's being irresponsible when the paragon of conservative presidential leadership recognized the necessity on 18 occasions and as memorialized in this correspondence of raising the debt ceiling. we're pleased that we've been joined by the distinguished gentlelaid fromy from columbus, ohio, who -- from column --...
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Jan 23, 2013
01/13
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chairman, i believe the congress needs to raise the debt ceiling. i believe the best way to achieve these goals is three long term balanced approach. it is not clear to me that this bill is liable to achieve these goals. unlike my chairman, i have not had enough time to look at this. we just got it this morning. as you know, we just received it yesterday. that raises constitutional questions. i think it deserves a serious look. as he continued the provisions, i hope you will grant an open rule so we can see if these improvements need to be made. house administration is responsible for members and a -- pay. we know the 27th amendment -- i am not a constitutional lawyer of any kind. i apologize for that. the members compensation, you may need to adjust that. it is unclear on what pay is withheld, benefits and a host of other considerations. as we continue to review the bill, we need to improve the legislation. the only way you can publish that is by adopting an open rule. i encourage this committee to adopt one. thank you for your time. >> thank you,
chairman, i believe the congress needs to raise the debt ceiling. i believe the best way to achieve these goals is three long term balanced approach. it is not clear to me that this bill is liable to achieve these goals. unlike my chairman, i have not had enough time to look at this. we just got it this morning. as you know, we just received it yesterday. that raises constitutional questions. i think it deserves a serious look. as he continued the provisions, i hope you will grant an open rule...
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Oct 13, 2013
10/13
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why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major test the something is not done. front page of "cq weekly" talks about the debt deadline -- just to read you a little bit of that article in this week's "cq weekly" -- anthony is on the republican line. i am wondering if mandatory spending is the same as the law that was passed in years ago which any federal agency that provides funds has to spend their entire funds for the year to receive the 10% the following year. is that what the republicans in congress are trying to cut back on so this debt is not floated out of the water, which i feel tha
why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major...
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Sep 25, 2013
09/13
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the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt ceiling, it is kind of like a false argument. is it your position it is not a big deal? and, two, would there be a debt figured that you would be concerned we would not be able to dig our way out of? guest: that is a good question. i do think we have a debt issue in this country but the debt ceiling is not central to that issue. the debt ceiling has to be raised because of commitments congress has already raised. across the last several congress is going back 10 or 15 years we made spending decisions am a taxing decisions, commitments. and we
the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt...
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Oct 15, 2013
10/13
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default by raising the debt ceiling. you know, we don't need any more self-inflicted wounds from congress. the economy is already paying a price as outside analysts have noted. there is already a cost to the economy and therefore to growth and jobs from this behavior and it's important, as i think so many americans believe that it stopped that congress simply fulfilled its basic responsibilities to open the government, to fund it at, again, levels that were set by republicans so that we can get about the business of negotiating in good faith over longer term budget proposals. >> but there are provisions on -- you are talking about the short-term increase in the debt ceil, the c.r., you're not going to talk about the obamacare provisions which are also on the table, you're talking about the short-term debt ceiling and c.r. provisions, even if these are sort of small fry gives on obamacare, doesn't it violate the principles that the president set out there that we will not negotiate on obamacare? >> until we have a proposa
default by raising the debt ceiling. you know, we don't need any more self-inflicted wounds from congress. the economy is already paying a price as outside analysts have noted. there is already a cost to the economy and therefore to growth and jobs from this behavior and it's important, as i think so many americans believe that it stopped that congress simply fulfilled its basic responsibilities to open the government, to fund it at, again, levels that were set by republicans so that we can get...
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Jan 3, 2013
01/13
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host: you have any reluctance in raising the debt ceiling? guest: there's always a reluctance about raising the debt ceiling, always reluctant when you are on the edge. clearly, every decision that has to be made here, whether it's immigration or the debt ceiling or the budget, those kinds of things if after the carefully crafted and considered, because there are so many facets. i learned as a legislator in texas that there's this thinks called unintended consequences, that usually makes a big difference that you have to factor in. host: back in texas, while the 100th of congress is finishing up their work, you were watching these votes very late in the night, new year's eve, a senator voting on new year's day at 2:00 a.m. what were you thinking about coming here after those type of folks? guest: it was a pretty phenomenal thing to watch. i was thinking, i hope we are not that bad. i hope to do better. as i have read the press headlines this morning, the last congress did not get very good reviews. i hope the congress i'm a part of work toget
host: you have any reluctance in raising the debt ceiling? guest: there's always a reluctance about raising the debt ceiling, always reluctant when you are on the edge. clearly, every decision that has to be made here, whether it's immigration or the debt ceiling or the budget, those kinds of things if after the carefully crafted and considered, because there are so many facets. i learned as a legislator in texas that there's this thinks called unintended consequences, that usually makes a big...
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Sep 26, 2013
09/13
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we are not negotiating raising the debt ceiling. they are going through a combo kit it, convoluted, unnecessary process, hopefully to the point they pass a continuing resolution so the government does not shut down, and we will see where we are when it comes to raising the debt ceiling. i am sure the president will be engaged with congress, as he has in the past on broader issues. he will not negotiate over congress's responsibility to ensure the united states does not default. is the white house looking for a new candidate to replace as chair of the federal -- >> ron was -- is a very qualified candidate for the position he has been nominated for. he is one of 100 nominees pending before the senate. the senate ought to act quickly on it. he is qualified and the senate ought to act on his nomination. today.delays they are technical in nature. is that the reason for them going online? >> yes. i believe the opening happens on time, october 1, there is an ability when it comes to the small business piece of this, to sign up for tax cred
we are not negotiating raising the debt ceiling. they are going through a combo kit it, convoluted, unnecessary process, hopefully to the point they pass a continuing resolution so the government does not shut down, and we will see where we are when it comes to raising the debt ceiling. i am sure the president will be engaged with congress, as he has in the past on broader issues. he will not negotiate over congress's responsibility to ensure the united states does not default. is the white...
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Jan 23, 2013
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one, don't raise any question about not raising the debt ceiling, unfortunately we have to do that. we have to get our long-term fiscal house in order. that means we need tow get the entitlement programs under control. to make sure they achieve the result attended, which is protecting the widespread population. there are simple entitlement reforms that are straight forward that this congress could adopt quickly, they are not legislatively complex. these are the kind of reforms that received bipartisan in the past. they are common sense things. it is frustrating that we don't take them more seriously and move on them because they have profound impacts in the long run. yes, we have a serious problem with a $1 trillion budget deficit but as large as that is, that problem is dwarfed by the long-run entitlement programs. there are some reforms that will go a long way to get social security and medicare under control. that's where congress should be looking as we debate fiscal policy this year. >> do you think investors look beyond that debt ceiling to fose fundamentals you talked about?
one, don't raise any question about not raising the debt ceiling, unfortunately we have to do that. we have to get our long-term fiscal house in order. that means we need tow get the entitlement programs under control. to make sure they achieve the result attended, which is protecting the widespread population. there are simple entitlement reforms that are straight forward that this congress could adopt quickly, they are not legislatively complex. these are the kind of reforms that received...
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Oct 5, 2013
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cerealing to be raised.-- the debt ceiling to be raised. you do not want the u.s. to default. democrats are interpreting that saying the 11th hour, when the president refuses to negotiate on the debt ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american people under obama care. i don't believe that we should default on our debt. it's not good for our country. but after 55 years of spending more than what you bring in, something ought to be addressed. this year, we'll have more revenue than any year in the history of our country and yet still have a nearly $700 billion deficit. i think the american people expect if we're going raise the amount of money we can borrow, we ought to do something about our spending problem in the lack of economic growth in our country. >> is this shutdown -- this showdown about
cerealing to be raised.-- the debt ceiling to be raised. you do not want the u.s. to default. democrats are interpreting that saying the 11th hour, when the president refuses to negotiate on the debt ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american...
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Oct 10, 2013
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this idea of the president going through the debt ceiling and raising the debt ceiling on his own. what do you make of that possibility? guest: we have had discussions eighth amendment. do the creditors of the united states believe we have enough money to pay our debts and do we have the political will to pay our debts. they do not want to know if there is a cute trick we can pull up. they want to know if we have the willingness to pay our debts. that is the essential question. that is why republicans must join with democrats to raise the debt ceiling. we must do it. it cannot be conditional on the affordable care act. they have to do it. it is our patriotic duty to make sure we safeguard the full faith and credit of the united states. host: a week from the debt ceiling deadline. do you think that will happen? guest: i believe people are essentially good no matter how they are behaving at the moment. i believe republicans are going to come to their senses. there are 24 members of the republican caucus who say they will do the responsible thing. i asked jon banner to let us vote. as
this idea of the president going through the debt ceiling and raising the debt ceiling on his own. what do you make of that possibility? guest: we have had discussions eighth amendment. do the creditors of the united states believe we have enough money to pay our debts and do we have the political will to pay our debts. they do not want to know if there is a cute trick we can pull up. they want to know if we have the willingness to pay our debts. that is the essential question. that is why...
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Feb 12, 2013
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and they've said that's why they are not going to raise the debt ceiling because the president will prioritize, he'll pay the bondholders but it's ok if that means he has to put pressure by not paying other obligations which includes, by the way, social security, medicare, payments to our troops and other kind of obligations. i'm not one -- >> i am not one of those, by the way. >> i am not saying you are. there is legislation. and that is playing with fire. that is playing with our economy. that is totally irresponsible. to get to bob's question on the constitutional issue, i don't know the answer. there is a legal answer to that question. you know, the president's justice department has looked at that. at least so far they don't feel comfortable with that -- with concluding that that's a way out of it. maybe they'll look at it more. i don't know. but i think it's a very legitimate question. you pointed the words in the constitution. with respect to compensation for members of congress, i'm all for -- we've frozen congressional pay. we can all talk about doing that. there is a legitimate const
and they've said that's why they are not going to raise the debt ceiling because the president will prioritize, he'll pay the bondholders but it's ok if that means he has to put pressure by not paying other obligations which includes, by the way, social security, medicare, payments to our troops and other kind of obligations. i'm not one -- >> i am not one of those, by the way. >> i am not saying you are. there is legislation. and that is playing with fire. that is playing with our...
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Oct 17, 2013
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raise this debt ceiling? that was the question being raised yesterday. no.e 18 people voted they basically took the principled position that we have to start now, not tomorrow, to do something about this debt. is from arlington virginia and on our republican line -- arlington, virginia, and on our republican line. my notes out. i used to be a journalist. my points are the things that have not been discussed. ofst of all one-third workers are freelance. geteconomy is not going to at. everybody is blaming the republicans, blame technology. everybody loves the free access. us the jobs. it is costing us the businesses that we know that used to be rick businesses -- brick businesses. ecological companies are the ones responsible for a lot of tax dollars -- technology companies are the ones responsible for a lot of tax dollars going out of the country. a lot of money is being thrown at startups in the tech industry. we are learning what we thought was a free ride was actually an expensive one. we have been paying w
raise this debt ceiling? that was the question being raised yesterday. no.e 18 people voted they basically took the principled position that we have to start now, not tomorrow, to do something about this debt. is from arlington virginia and on our republican line -- arlington, virginia, and on our republican line. my notes out. i used to be a journalist. my points are the things that have not been discussed. ofst of all one-third workers are freelance. geteconomy is not going to at. everybody...
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Oct 8, 2013
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and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world, or veterans benefits, or social security whatever it is that congress already authorized, what this does is make sure that we can pay those bills. the last time that the tea party republicans flirted with the idea of default, two years ago, markets plunged, business and consumer confidence plunged, america's credit rating was downgraded for the first time, and a decision to actually go through with it, to actually permit default, according to many c.e.o.'s, would be, i'm quoting here, insane, catastrophic, chaos. these are some of the more polite words. warren buffett likened default to a nuclear bomb a. weapon too horrible to use. it would disrupt markets. it would undermine the world's confidence in america as the bedrock of the global economy. and it might permanently increase our bor
and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world, or veterans benefits, or social security whatever it is that congress already authorized, what this does is make sure that we can pay those bills. the last time that the tea party republicans...
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Oct 10, 2013
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ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase. this is what is occurring. we have got to stand firm. adhere, at least, to the containment of the growth of spending that was in the budget control act. failure to do that is a in our promises to the american people, a total abandonment of any contention that we would be fiscally responsible. it is unthinkable that we would abandon the limits. the truth is, the sad truth is the budget control act reductions in the growth of spending do not come close to putting us on a firm financial footing. we are on an unsustainable debt course as our cbo has told us. we are seeing a reduction in the de
ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase....
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Feb 8, 2013
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and postponed some of the other issues like the debt ceiling which is going to come up quickly in the new year and has been postponed to may 19. we also have a sequestration that was postponed for two months and that is coming back at the end of february. we govern by c.r., we have a continuing resolution debate coming up on or before the 27th of march. we have spread these crisis out over the first half of the year. that is difficult for the economy to manipulate. as we started to see fundamental improvement else, where we will see refocusing on the inability of our government to come to terms with its spending, taxes, and debt and deficits. that will continuely, i believe, rival markets and call into question the optimistic factors we're seeing. i would like to call the panel up to -- here. we're going to start going through -- we're going to do john first -- excuse me. we're going to do frank first on the housing then john then bob. we will try to keep everything on schedule and get outout of here at 10:30. thank you >> thank you, marty. i want to thank the foundation for hosting t
and postponed some of the other issues like the debt ceiling which is going to come up quickly in the new year and has been postponed to may 19. we also have a sequestration that was postponed for two months and that is coming back at the end of february. we govern by c.r., we have a continuing resolution debate coming up on or before the 27th of march. we have spread these crisis out over the first half of the year. that is difficult for the economy to manipulate. as we started to see...
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Oct 14, 2013
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if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme court might rule. order me asation is treasury secretary to pay the bills as they come in on time and in full, and those people who feel they have been aggrieved can take this to the supreme court. host: what has the white house said about the option? guest: that line of reasoning has been rejected. i think i know why. they do not want that situation to recur. they are not want the president -- host: sounds like you think the option might be on the table. guest: i do not know what secretary lew will recommend. for me it is a bina
if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme...
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Oct 16, 2013
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the debt ceiling is used as leverage or the refusal to raise the debt ceiling is used as leverage to try to achieve some partisan policy objective. >> and do you believe this now settles that question? >> again, we don't have a bill to sign. we're not in a position here to even say the government has been reopened or the debt ceiling has been lifted. i think hopefully when we do we can have a fuller discussion about what comes next. so i don't want to get ahead of where we are today. we are pleased with the progress made in the senate and the agreement announced by leaders reid and mcconnell today and very much appreciate the bipartisan effort under way in the senate that reflects, we believe, a model for how we can move forward. after all, this is only been about basic stuff. funding the government, making sure the united states pays its bills. we will have, hopefully, serious substantive negotiations around a broader budget agreement. in that process hopefully there will be a willingness to compromise by both sides. and if that is the case, then perhaps we can reach a broader budge
the debt ceiling is used as leverage or the refusal to raise the debt ceiling is used as leverage to try to achieve some partisan policy objective. >> and do you believe this now settles that question? >> again, we don't have a bill to sign. we're not in a position here to even say the government has been reopened or the debt ceiling has been lifted. i think hopefully when we do we can have a fuller discussion about what comes next. so i don't want to get ahead of where we are...
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Jan 1, 2013
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debt ceiling. here is "the washington times today -- -- "the washington times" -- as alex was saying, he believes that democrats will have the upper hand in these next rounds of negotiations, but republicans -- excuse me -- democrats fear that republicans have the upper hand is going into this because president obama did not stick to the to under $50,000 threshold. senator tom harkin -- $250,000 threshold. senator tom harkin voted against this agreement. he came to the vote and here is what he had to say. >> and is supported to say that in my opinion, this legislation that we are about to vote on, falls short. first, it does not address the number one priority -- creating good, middle-class jobs now. unemployment remains weak too high. this bill should include direct assistance and job creation measures, for example, our infrastructure, education, job retraining. how many jobs we see out there going open because people are not trained? host: senator tom harkin, democrat of iowa, who voted no on the
debt ceiling. here is "the washington times today -- -- "the washington times" -- as alex was saying, he believes that democrats will have the upper hand in these next rounds of negotiations, but republicans -- excuse me -- democrats fear that republicans have the upper hand is going into this because president obama did not stick to the to under $50,000 threshold. senator tom harkin -- $250,000 threshold. senator tom harkin voted against this agreement. he came to the vote and...
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Jan 5, 2013
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we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we have to have real reduction so we get the deficit under control so we don't continue to increase the debt the debt reduced over time. host: our guest john hoeven is former president and ceo of the bank of north dakota and a graduate of dartmouth and went to northwestern university. on facebook -- guest: i think, again, we've got to get to the point where we are moving the legislation across the floor in a clear, open, transparent manner where it is debated, the public is aware of what is getting funded and what is not getting funded, so there is broad public support for things that have merit and they are funded. and the things that are not, in that debate back and forth
we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we have to have real reduction so we get the deficit under control so we don't continue to increase the debt the debt...
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Sep 25, 2013
09/13
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guest: there's no budgetary option for not raising the debt ceiling. i think of the budget that i introduced, for example, an incredibly conservative budget, but it took four years. rand paul had a budget that took four years. there's not one budget proposal in washington, d.c. that says i can get to balance tomorrow, we don't need to raise the debt ceiling. what we need to see, juana, is if you don't have a plan to get our budget to balance sometime, tomorrow, a year from tomorrow, 10 years from tomorrow, then we're going to have to raise the debt ceiling forever. do we have to raise the debt ceiling tomorrow to pay the bills? we do. but we shouldn't raise the debt ceiling without a commitment from all sides, house, senate, white house, to get on a path to balance one day. borrowing indefinitely is not a plan for economic success. i can cooperate with my colleagues on any plan that brings me to balance. i just need to see a commitment from them that we are going to get them one day and one day soon. host: sure. we'll take one last call from congressma
guest: there's no budgetary option for not raising the debt ceiling. i think of the budget that i introduced, for example, an incredibly conservative budget, but it took four years. rand paul had a budget that took four years. there's not one budget proposal in washington, d.c. that says i can get to balance tomorrow, we don't need to raise the debt ceiling. what we need to see, juana, is if you don't have a plan to get our budget to balance sometime, tomorrow, a year from tomorrow, 10 years...
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Sep 22, 2013
09/13
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the debt ceiling was raise 18 times under president reagan. it was race six times under president clinton, with the republican house of representatives. he was raise seven times under resident george w. bush. during that, the dilma increases were passed as standalone bills. there were a handful where the debt limit was embedded in congressional legislation. the threat of default was never a bargaining chip in those negotiations. that change two years ago when the issue of raising the debt ceiling turned into a high- stakes political drama. we saw for the first time a debate take place over with united states should voluntarily default on its obligations. some actually argued that default was a viable outcome. they were in fact members of congress willing to default on our for all faith and credit rather than preach a compromise. america does not want to relive what happened in 2011. that dispute led to business uncertainty, a drop in consumer confidence, and the first-ever downgrade of our nations aaa credit rating. the resulting drop undercut
the debt ceiling was raise 18 times under president reagan. it was race six times under president clinton, with the republican house of representatives. he was raise seven times under resident george w. bush. during that, the dilma increases were passed as standalone bills. there were a handful where the debt limit was embedded in congressional legislation. the threat of default was never a bargaining chip in those negotiations. that change two years ago when the issue of raising the debt...
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Jan 6, 2013
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so when we have to raise the debt ceiling again, i'm going to make a simple request. let's come up with a plan bipartisan in nature to save social security and medicare from bankruptcy because they are going to run out of money and become insolvent in the next 20 years, and let's also create a spending reduction plan that will allow us not to become greece. if you want to raise more revenue by capping deductions, you can count me in because we'll need some more revenue. but in 17 months, ladies and gentlemen, we spent 2.1 trillion. we're burning through money like crazy. it took us 200 years to borrow the first $2 trillion. we spent $2.1 trillion of borrowed money in 17 months. that's got to stop. so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how m
so when we have to raise the debt ceiling again, i'm going to make a simple request. let's come up with a plan bipartisan in nature to save social security and medicare from bankruptcy because they are going to run out of money and become insolvent in the next 20 years, and let's also create a spending reduction plan that will allow us not to become greece. if you want to raise more revenue by capping deductions, you can count me in because we'll need some more revenue. but in 17 months, ladies...
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Oct 10, 2013
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so let's raise the debt ceiling. number three, let's come together as democrats and republicans, and let's negotiate . let's actually put a real budget together. a budget that starts to address our debt and the deficit. a budget that starts to make sure what we hand off to our children and grandchildren is the same as the country we inherited from our parents and grandparents. a country that thrives. a country that leads the world. we have to get serious about the challenges that we face and we have to stop these manufactured crises. we have to stop the bickering. this is divided government. it means democrats and republicans coming together. mr. speaker, i urge you to join with the no labels problem solvers and do what our motto is, let's fix problems, not fight. we are ready to go and get america back to work. with that i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. pursuant to clause 12-a of rule , the chair declares the house remove the threat of a default while giving w
so let's raise the debt ceiling. number three, let's come together as democrats and republicans, and let's negotiate . let's actually put a real budget together. a budget that starts to address our debt and the deficit. a budget that starts to make sure what we hand off to our children and grandchildren is the same as the country we inherited from our parents and grandparents. a country that thrives. a country that leads the world. we have to get serious about the challenges that we face and we...
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Oct 23, 2013
10/13
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there are good and bad ways to fund the federal government and raise the debt ceiling. last week, washington chose the worst way by not fixing the underlying problem, deficits and debt. instead, washington again kicks kicked the can down the road, forcing america to revisit government funding issues in january and debt ceiling issues in february with one major difference. america will be financially weaker and less able to face the problem because we will be burdened by another half trillion dollars in debt. mr. speaker, another half trillion dollars in debt. i wonder why you didn't hear that from the media pundits. why did america get for another half trillion dollars in debt? not one penny in spending cuts, not a single economic policy that creates jobs and grows our economy, nothing that fixes our deficit and debt problem. what washington did last week is akin to a sick patient going to the emergency room and getting pain-killing drugs that help the patient feel good yet do nothing to cure the disease that ultimately kills the patient. and the -- in the real world th
there are good and bad ways to fund the federal government and raise the debt ceiling. last week, washington chose the worst way by not fixing the underlying problem, deficits and debt. instead, washington again kicks kicked the can down the road, forcing america to revisit government funding issues in january and debt ceiling issues in february with one major difference. america will be financially weaker and less able to face the problem because we will be burdened by another half trillion...
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Oct 14, 2013
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if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme court might rule. my recommendation is order me as treasury secretary to pay the bills as they come in on time and in full, and those people who feel they have been aggrieved can take this to the supreme court. host: what has the white house said about the option? guest: that line of reasoning has been rejected. i think i know why. they do not want that situation to recur. they are not wanting the president -- host: sounds like you think the option might be on the table. guest: i do not know what secretary lew will recommend. for
if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme...
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Oct 15, 2013
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raising the debt ceiling has been done year after year to pay the nation's bills. while countries like our friends like china are pushing forward by saying, maybe you don't need to rely upon america which the world does. because their currency is not growing in the world cycle. we are watching while rome is burning. so i'm asking my colleagues to be responsible. first they could have put the senate proposal of a short-term c.r. on the floor days ago, weeks ago. so now we have a proposal that many of us will probably find challenging to vote for. but i'm ready to listen, and i'm disappointed that our friends are not realizing the devastation that is happening with the government shutdown. as a member of the house judiciary committee, it troubles me to hear that james coiny, the director of the f.b.i. has said that he has laid off 3,000 people, 3,000 f.b.i. agents who in the midst of law enforcement for america, what kind of country are we? judges of the federal courts are saying they don't know if they are going to be able to go past october 15, and the greatest ins
raising the debt ceiling has been done year after year to pay the nation's bills. while countries like our friends like china are pushing forward by saying, maybe you don't need to rely upon america which the world does. because their currency is not growing in the world cycle. we are watching while rome is burning. so i'm asking my colleagues to be responsible. first they could have put the senate proposal of a short-term c.r. on the floor days ago, weeks ago. so now we have a proposal that...
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Jan 14, 2013
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, veterans benefits will be delayed. we might not be able to pay our troops or honor our contracts with small-business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials would not get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet. markets could go haywire. interest rates would spike for anyone who borrowed money. every homeowner with a mortgage, every student with the business -- every student with the student
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's...
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Sep 9, 2013
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the white house is saying we're not going negotiate at all and we just need to raise the debt ceiling. the white house doesn't know. host: susan, do you agree with that? guest: right. it's a battle of whether or not the president really sticks to what he which is no negotiating. that's a tough line to draw. there will probably some negotiating. you already have some democrats who don't want the sequester already in place. so one wonders how they're going to -- i'm wondering how they're going to move it this time, and get that debt ceiling raised by mid october. i suspect it will push beyond that, but i do think there will be a compromise that's going to have to involve perhaps dealing with entitlements. that's a way out where there is some common values and views between both the democrats and republicans that we need to do something about medicare. that could be sort of the way out on the debt ceiling fight but that is a real big issue trying to tackle something like medicare. guest: once you add the entitlement the democrats and white house would say we will give you something if we
the white house is saying we're not going negotiate at all and we just need to raise the debt ceiling. the white house doesn't know. host: susan, do you agree with that? guest: right. it's a battle of whether or not the president really sticks to what he which is no negotiating. that's a tough line to draw. there will probably some negotiating. you already have some democrats who don't want the sequester already in place. so one wonders how they're going to -- i'm wondering how they're going to...
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Jan 22, 2013
01/13
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pending legislation raises the debt ceiling by roughly $300 billion to $400 billion. what protection does america get in return? are there any spending cuts? no. are there policies that spur economic growth in resulting revenue increases? no. does this proposal help fix in any way the trillion dollar deficits that threaten america with financial ruin? no. mr. speaker, i can only speak for me. i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem of deficits and accumulated debt that force debt ceiling votes and risk america's future. i will not vote to raise the debt ceiling unless first congress passes a substantive balanced budget constitutional amendment that solves the debt problem for future generations or, second, we implement sizable spanneding cuts that help get our financial affairs in order. i take this stance full well knowing the adverse economic effects of a failure to raise the debt ceiling, but also knowing, mr. speaker, that those affects pale in comparison to insolvency and bankruptcy of the americ
pending legislation raises the debt ceiling by roughly $300 billion to $400 billion. what protection does america get in return? are there any spending cuts? no. are there policies that spur economic growth in resulting revenue increases? no. does this proposal help fix in any way the trillion dollar deficits that threaten america with financial ruin? no. mr. speaker, i can only speak for me. i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying...
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Oct 12, 2013
10/13
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house democrats speaking to reporters about the government shutdown and raising the debt ceiling. ♪ >> grace coolidge was enormously popular as first lady and influenced the tastes of american women by becoming a style icon. married to a man known as silent cal, she never spoke to the press, but she did use her office to bring attention to issues she cared about. good evening and welcome to the c-span series "first ladies: influence and image." tonight we will be telling you the story of first lady grace coolidge. she came into office with her husband the president in 1923 after the sudden death of president harding. here to set the stage for us is amity shlaes, a coolidge biographer, syndicated columnist, and author of other books on that period. welcome to the program. tell us about the arrival of calvin coolidge into the white house. how prepared was he for the job? >> quite prepared, because he
house democrats speaking to reporters about the government shutdown and raising the debt ceiling. ♪ >> grace coolidge was enormously popular as first lady and influenced the tastes of american women by becoming a style icon. married to a man known as silent cal, she never spoke to the press, but she did use her office to bring attention to issues she cared about. good evening and welcome to the c-span series "first ladies: influence and image." tonight we will be telling you...
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Sep 30, 2013
09/13
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let us pass legislation that will raise the debt ceiling. then we can have a reasoned we have a lot of differences on these other issues. stop targeting women for these kinds of specific attacks. thank you. >> we are happy to answer any questions. >> if a shutdown cannot be avoided, members of congress will continue to collect a paycheck. is that appropriate? >> no. i have a bill that would stop us from getting paid. if we do not pay our bills and we defaulted, i asked everyone to become a cosponsor of that bill. we passed it once before. we sent it over to the house. the house killed it. it is absolutely inappropriate. and i think i speak for my colleagues. >> you mentioned the medical device tax. can you give me an idea of what the caucus might consider as an appropriate to pay for if they were to repeal that? >> we are having a caucus meeting. i do not want to confuse things with you. senator reid said that we are going to handle this message from the house the same way we handled their first bill. anythinging to strip extraneous from ed
let us pass legislation that will raise the debt ceiling. then we can have a reasoned we have a lot of differences on these other issues. stop targeting women for these kinds of specific attacks. thank you. >> we are happy to answer any questions. >> if a shutdown cannot be avoided, members of congress will continue to collect a paycheck. is that appropriate? >> no. i have a bill that would stop us from getting paid. if we do not pay our bills and we defaulted, i asked...
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Jan 23, 2013
01/13
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that's how long republicans are prepared to raise the debt ceiling. they really don't even address the debt ceiling issue. three months. but republican leaders are doing more. they have made promises to their fellow republicans to get their vote, to even go beyond the ryan budget. this is like the ryan budget on steroids. they have called this bill no budget, no pay. but who pays under the republican budget? seniors pay. ending the medicare guarantee. seniors, children, and people with disabilities pay, cutting medicaid. children pay because it will cut investments in their education and their future and their self-fulfillment in the competitiveness of our country and the global economy. veterans pay because of the gutting of our domestic spending priorities. i don't think we should ever link what we do here as to whether people get paid. we have a lot of work to do here this linkage is a gimmick, it's a joke, it's not right, it's designed to put people on the spot and say either you get -- you don't get paid and in order to get paid, in order for mem
that's how long republicans are prepared to raise the debt ceiling. they really don't even address the debt ceiling issue. three months. but republican leaders are doing more. they have made promises to their fellow republicans to get their vote, to even go beyond the ryan budget. this is like the ryan budget on steroids. they have called this bill no budget, no pay. but who pays under the republican budget? seniors pay. ending the medicare guarantee. seniors, children, and people with...
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Oct 4, 2013
10/13
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it is something called raising the debt ceiling and it has a lousy name. people end up thinking i don't think we should raise our soundseiling because it like we are raising our debt. that is not what this is about. doesn't cost taxpayers a single dime. by doesn't grow the deficits sage dime. to doesn't' lou anybody spend any new money whatsoever. it is not something that raises our debt. what it does is' lou the u.s. the u.s. government, to pay the bills that congress up. already racked i want you to think about this. restaurant, you order a meal, you eat it, maybe some wine. maybe you have two glasses of wine. great meal. tab,then you look at the it is pretty expensive and you pay thei'm not going to bill. well, you are not saving money. being frugal. you are just a deadbeat, right? if you buy a house and you this month i would rather go on vacation somewhere to pay myt going mortgage. you didn't just save yourself some money. are just going to get on.eclosed so you don't save money by not paying your bills. you don't reduce your debt by bills.aking your
it is something called raising the debt ceiling and it has a lousy name. people end up thinking i don't think we should raise our soundseiling because it like we are raising our debt. that is not what this is about. doesn't cost taxpayers a single dime. by doesn't grow the deficits sage dime. to doesn't' lou anybody spend any new money whatsoever. it is not something that raises our debt. what it does is' lou the u.s. the u.s. government, to pay the bills that congress up. already racked i want...
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Oct 17, 2013
10/13
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we all call on congress to raise our nation's debt ceiling and avoid this default. we urge congress to put an end to this hostile climate of uncertainty and princeton hould. -- brinkmanship. it is time to move our country forward, not jeopardize the hard work in the progress we have only together. at the end of the day, elected officials have a stake in preserving our free-market economy and our american way of life. negotiations, whether they are motivated by profit or politics, achieve their highest possible success when we recognize that cooperation works much better than conflict and solidarity will always outlast isolation and that our differences do not outweigh our common interests. thank you very much. >> next, we will hear from ian kramer. ian is the executive director of leaders engaged on alzheimer's disease. >> thank you. thank you for the opportunity to be here today. this is not a happy day. this is a day where we all sighed in relief that the circular firing squad said, ready, aim, and held its reath. this crisis is not over. all it is is delayed. the
we all call on congress to raise our nation's debt ceiling and avoid this default. we urge congress to put an end to this hostile climate of uncertainty and princeton hould. -- brinkmanship. it is time to move our country forward, not jeopardize the hard work in the progress we have only together. at the end of the day, elected officials have a stake in preserving our free-market economy and our american way of life. negotiations, whether they are motivated by profit or politics, achieve their...